Houston, New York, Tulsa (Sept. 5, 2012) – Sage Midstream, LLC (“Sage”) announced today that it has partnered with investment funds affiliated with Riverstone Holdings LLC (“Riverstone”), an energy and power-focused private equity firm, and Kaiser Midstream (“Kaiser”), an oil and gas midstream services company owned by George B. Kaiser, to form a new company with up to $500 million of equity commitments. Sage will pursue natural gas liquids (“NGL”) related midstream opportunities in North America’s liquids-rich production plays.…
Continue Reading...Austin and New York (Aug. 13, 2012) – Riverstone Holdings LLC (“Riverstone”) announced today that it has invested in Three Rivers Natural Resource Holdings II LLC (“Three Rivers II”), a new private upstream oil and gas company based in Austin, Texas. With this support, Three Rivers II executed a definitive agreement to acquire certain assets located in the Permian Basin of West Texas from Meritage Energy Company, LLC (“Meritage”). These properties include 15,000 net acres with current production of approximately 1,900 barrels of oil equivalent per day located in Howard, Glasscock, Martin, …
Continue Reading...Chicago — Exelon today announced that it has reached an agreement to sell its three
Maryland coal-fired power plants to Raven Power Holdings LLC (“Raven Power”), a new
portfolio company of Riverstone Holdings LLC, fulfilling its commitment to divest the plants as
part of its merger with Constellation. Under the agreement, Raven Power will maintain jobs with
comparable pay and benefits for employees at the plants.…
(July 20, 2012) – Riverstone Holdings will invest up to $500 million in Meritage Midstream Services II, a newly-formed company focused on natural gas gathering, transportation and processing in North America.…
Continue Reading...New York, NY and Golden, CO (July 18, 2012) – Meritage Midstream Services II LLC (“Meritage II”) announced today that it has partnered with Riverstone Holdings LLC (“Riverstone”), an energy and power-focused private equity firm, to pursue midstream opportunities in North America’s emerging resource plays. Riverstone will provide Meritage II with up to $500 million in private equity capital to focus on developing midstream systems to serve producers of natural gas and natural gas liquids (NGLs).…
Continue Reading...Staines, Middlesex, UK, and New York, NY (July 5, 2012) – Fairfield Energy, the
private, North Sea-focused independent oil & gas company, has agreed terms for a
major new injection of equity from funds sponsored by Riverstone Holdings LLC, the
energy and power-focused private equity firm. Riverstone will initially make a $150
million equity commitment with the option of subscribing a further $200 million
alongside future contributions from current investors led by Warburg Pincus.…
New York and Houston (April 4, 2012) – Talos Energy LLC (“Talos”) today announced that it has partnered with investment funds affiliated with Apollo Global Management, LLC (NYSE: APO; collectively with its subsidiaries, “Apollo”) and Riverstone Holdings LLC (“Riverstone”), to form a new company with up to $600 million of equity commitments focusing on oil and gas opportunities in the Gulf Coast and Gulf of Mexico regions.…
Continue Reading...Austin, TX and New York, NY (Jan. 20, 2011) – The Riverstone/Carlyle Global Energy and Power Funds, a group of energy-focused private equity funds managed by Riverstone Holdings LLC (“Riverstone”), announced today that an additional investment was made in Three Rivers Natural Resource Holdings LLC (“Three Rivers”), a private upstream oil & gas company based in Austin, Texas. Separately, Three Rivers acquired certain assets located in the Permian Basin of West Texas and Southeast New Mexico from Samson Resources and its affiliates (“Samson”).…
Continue Reading...Austin, Dallas, and New York (December 23, 2010) – The Riverstone/Carlyle Global Energy and Power Funds, a group of energy-focused private equity funds managed by Riverstone Holdings LLC (“Riverstone”), announced today that it has completed the acquisition of USA Compression Holdings, LP, the parent company of USA Compression Partners, LLC (“USA Compression” or the “Company”), a natural gas compression services company headquartered in Austin and Dallas, Texas. The terms of the transaction were not disclosed.…
Continue Reading...Houston, TX (July 29, 2010) – Quorum Business Solutions, Inc., a leading provider of business and information technology solutions for the oil, gas, and renewable energy industry, today announced that The Carlyle Group, the global alternative asset manager, and Riverstone Holdings LLC, the energy‐focused private equity firm, have made a significant capital investment in the company. Financial terms were not disclosed.…
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